Filing Flows › BEL Fuse (BELFA) › Q2 2026 › vs Q1 2026
BEL Fuse (BELFA) Q2 2026 vs Q1 2026 (quarter over quarter)
BEL Fuse's revenue rose $32.2M (+18%) from $178M in Q1 2026 to $211M in Q2 2026. The biggest changes: Industrial Technology and Data Solutions Segment +$21.6M (+27%); Aerospace, Defense, and Rugged Solutions Segment +$10.6M (+11%). Gross margin 39.9% against 39.0% (+0.9 pts).
BEL Fuse, Q2 2026: revenue $211M (+25% year over year), operating margin 18.2%, net earnings $25.5M, operating cash flow $17.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 39.9% | 39.0% | +0.9 pts |
| Operating margin | 18.2% | 13.3% | +5.0 pts |
| Net margin | 12.1% | 6.4% | +5.7 pts |
| Free cash flow margin | 7.4% | 6.3% | +1.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Aerospace, Defense, and Rugged Solutions Segment | $110M | $99.8M | $10.6M | +11% |
| Industrial Technology and Data Solutions Segment | $100M | $78.7M | $21.6M | +27% |
| Revenue | $211M | $178M | $32.2M | +18% |
| Gross profit | $84.0M | $69.6M | $14.4M | +21% |
| Cost of revenue | $127M | $109M | $17.8M | +16% |
| Operating profit | $38.4M | $23.7M | $14.8M | +62% |
| Operating expenses | $45.5M | $45.9M | −$384K | -0.8% |
| Pre-tax earnings | $37.8M | $17.8M | $20.0M | +112% |
| Other expense, net | $659K | $5.9M | −$5.2M | -89% |
| Research & development | $9.0M | $8.5M | $499K | +6% |
| SG&A | $36.3M | $36.7M | −$445K | -1% |
| Other operating costs | $257K | $695K | −$438K | -63% |
| Net earnings | $25.5M | $11.4M | $14.1M | +124% |
| Minority interests | $8.5M | $3.6M | $4.9M | +136% |
| Income tax | $3.8M | $2.8M | $977K | +35% |
| Depreciation & amortization | $6.9M | $6.6M | $287K | +4% |
| Share-based compensation | $3.0M | $2.1M | $957K | +46% |
| Working capital & other | $17.5M | $6.3M | $11.2M | +180% |
| Operating cash flow | $17.9M | $13.8M | $4.1M | +30% |
| Free cash flow (OCF − capex) | $15.7M | $11.2M | $4.5M | +40% |
| Capital expenditures | $2.2M | $2.6M | −$396K | -15% |
Questions
How much did BEL Fuse's revenue grow quarter over quarter in Q2 2026?
BEL Fuse's revenue rose $32.2M (+18%) from $178M in Q1 2026 to $211M in Q2 2026.
What drove BEL Fuse's revenue change in Q2 2026?
Industrial Technology and Data Solutions Segment +$21.6M (+27%); Aerospace, Defense, and Rugged Solutions Segment +$10.6M (+11%).